Welcome to APEX Mortgage

The Basics of Submitting a Commercial Mortgage Application

If you’re a residential mortgage broker who has decided to begin brokering small-balance commercial mortgages for non-bankable borrowers, one of the most important things to focus on is what you’ll need to submit an application. Different lenders will have different requirements, so it’s important to talk to your lender before you submit your first deal. […]

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A Commercial Mortgage Borrower’s Character

In this month’s Scotsman Guide, they discussed the Five C’s of underwriting small balance commercial mortgages. Each of these factors is crucial for a lender in determining whether or not to grant a financing request. While most of these elements are fairly easy to quantify (a credit score, the value of a property), character proves […]

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Communication is Crucial in Commercial Mortgage Lending

Communication is a very important factor throughout the process of underwriting and closing small-balance commercial mortgages, particularly when you’re working with non-bankable borrowers. Brokers need to encourage the flow of communication in order to avoid obstacles. Here’s what you need to do in order to communicate successfully and obtain a small-balance commercial mortgage for your […]

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Financing a Commercial Property Purchase

Sales of small commercial properties skyrocketed last year, according to Boxwood Means, with sales reaching a record level 11 months into 2015. A Scotsman Guide report states that sales of commercial and multifamily properties under $5 million totaled $82.4 million through November. Purchasing the property from which they operate allows small business owners greater control […]

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What Mortgage Brokers Need to Know about Underwriting

The speed and success of the underwriting process for a small-balance commercial mortgage often depends on how complete the loan submission is and how well the broker understands the deal. In order to close the loans successfully, it’s important for brokers to have a solid grasp of their lender’s underwriting process and what they’ll need […]

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Presenting Your Borrower’s Scenario to Commercial Mortgage Lenders

First impressions are very important, and it’s no different in the commercial mortgage industry. You want to make a great first impression with every small-balance commercial loan you submit. In order to do so, you need to provide all of the information your lender will need up front. Here is the information you’ll need to […]

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Understanding Your Borrowers Means More Commercial Mortgage Leads

Regardless of what you’re selling, it’s important to understand your clients. This is crucial in the small-balance commercial mortgage industry, since you’re selling your ability to find your clients financing. As a commercial mortgage broker, your success relies on your ability to provide property owners with the funding they need to achieve their goals in […]

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Four Reasons Banks Turn Down Small-Balance Commercial Mortgage Requests

Throughout the country, there are many small business owners who are turned down by their local bank when they request financing. As a commercial mortgage broker, it’s important that you understand the reasons for a bank turndown, as well as what to do when your borrower can’t obtain traditional financing for their commercial property. Here […]

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The 4 C’s of Commercial Mortgage Lending: Character

The character of your borrower may be the most intangible factor to consider when working to get them a commercial mortgage loan. If you’re a commercial mortgage broker who works with non-bankable borrowers, this is particularly important, especially if you work with story lenders.  These lenders are willing to work with borrowers who have had […]

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The 4 C’s of Commercial Mortgage Lending: Capacity to Pay

Whether or not your borrower can make their monthly small-balance commercial mortgage payments will be a major factor in determining whether they receive the financing they need. As a commercial mortgage broker, it’s your job to collect the necessary information to present to your commercial mortgage lender to prove that your borrower does have the […]

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